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Extractive Industries Initiatives Database

Search for an Initiative » Oil for Development Initiative (OfD)

Title
Oil for Development Initiative (OfD)
Lead Organization Name
Type
  • Policy
  • Technical Assistance
Sector
  • Oil
  • Gas
Lead by
  • Donor
Goal/Objective

The Norwegian Oil for Development (OfD) initiative aims at assisting developing countries, upon their request, in their efforts to manage petroleum resources in a way that generates economic growth and promotes the welfare of the whole population in an environmentally sustainable way.

Value Chain Focus
  • Policy, Legal and Contractual Framework
    • - Sector policy
    • - Sector regulations
    • - Geological data and exploration
    • - The award of contracts and licenses
  • Sector Organisation and Institutions
    • - Institutional structures and governmental bodies
    • - National Resource Companies
  • Fiscal Design and Administration
    • - Fiscal instruments
    • - Royalties
  • Revenue Management and Distribution
    • - Managing volatility
    • - Resource funds
  • Sustainable Development
    • - Environmental impacts
Have a mix of stakeholders such as public, private and civil society sectors contributed to the design of the initiative?
No
Geographical Focus
  • Global
In-country work
Angola, Bolivia, East Timor, Ghana, Mozambique, Sudan, Uganda
Who is it for?
host country local governments
How does the initiative try to reach its objective?

Competence building and institutional development of government agencies are driving tools of the OfD assistance.